Wall Street analysts continue to show confidence in the Warner Music Group and investors recently snapped up $1.1 in WMG bonds. But according to respected investment trade publication Barron's, insiders are "hearing a different tune" and last week unloaded $3 million in stock.
Barron's points specifically to Vice Chairman of Strategy and Operations Michael Fleisher who on June 2nd sold 400,000 shares for $3 million, an average of $7.41 a share. Fleisher, who joined the company as CFO in 2005 still owns 766,207 shares.
(more @ Barron's, subscription required)